During this time we have also enhanced our solutions and expanded our winning team.
These necessary changes for the long-term success of NTC have to be built on a solid foundation of an
appropriate financial structure plus accurate financial recording and reporting mechanisms. Firmly
aware of good financial management, the management and board of NTC are actively addressing all
financial matters ensuring financial stability and sound financial reporting and decision-making
for some years to come.
Investor Relations News
01.2006 NTC from Strength to Strength
Following its 100% increase in profits in 2004 NTC followed up with another 100% increase in
profit in 2005. As the company goes from strength to strength NTC is wisely investing in its
employee training and development program, business solutions continual enhancement program
together with forging key partnerships with international vendors. After its recent
transformation in the summer of 2005, NTC is very optimistic about its growth opportunities
in 2006 and beyond.
01.2006 NTC Appoints New CFO
Keenly aware of the importance of accurate and timely financial information coupled with financial
and business acumen NTC have hired an experienced CFO to ensure financial best practice as the
company aims for growth. Yousif El Hussein a CPA from the United States of America has seventeen
years financial experience. Asked about his role Yousif replied "I face a challenging but
rewarding role with numerous responsibilities. The most important of these are long-range
financial planning, prudent cash management, a balanced financial structure and accurate
and timely financial reporting. I will also oversee the continued improvement of accounting
policies and procedures. Moreover, I will work in conjunction with the administration
department to ensure efficient and effective management and with the business units and
sales department to deliver competitive proposals. So as you can see, I expect to have
quiet and relaxing time". Yousif's financial governance will be fundamental in maintaining
the long-term financial strength of NTC.
12.2005 NTC Implements New Accounts Systems and Processes
To facilitate the continuing growth of NTC the accounts department has been designing and building new
accounting polices and procedures. These will ensure that the accounting system remains as
accurate as possible as the company expands in the coming years.
11.2005 NTC Accounts Successfully Audited
For the sixth year in succession NTC accounts have been successfully audited by its accountants.
No major issues were raised by the accountants giving the NTC accounts a clean bill of health.
Keenly aware of the importance of accurate and timely financial information coupled with financial and business acumen NTC have hired an experienced CFO to...
Ambitious plans for growth and expansion has led to a 33% increase in staffing levels at NTC. Hiring across the board in sales, finance and the business units...
